US-Ukraine loan ‘final rape and plunder by the West’

William Engdahl is an award-winning geopolitical analyst and strategic risk consultant whose internationally best-selling books have been translated into thirteen foreign languages. He has lectured as Visiting Professor at Beijing University of Chemical Technology and delivers talks and private seminars around the world on subjects of current importance from economics to oil geopolitics to agribusiness. A widely discussed analyst of current political and economic developments, his provocative articles and analyses have appeared in numerous newspapers and magazines and well-known international websites. He is a Research Associate of the Centre for Research on Globalization in Montreal and member of the editorial board of Eurasia magazine. Based in Frankfurt, Germany he may be reached via his website www.williamengdahl.com

Woman is surrounded by Ukraine and US flags during protest in Lafayette Square in Washington (Reuters / Gary Cameron) / Reuters

The law approved by Congress to grant a one billion dollar loan to Ukraine is only a loan guarantee and will not even dent Ukraine’s huge debts, 25 billion of which must be paid this year, William Engdahl, a geopolitical analyst, told RT.

The bill will also give more power to American NGO’s to promote
democracy in Ukraine, many of the same NGOs that helped create
the current instability in Kiev. This is the last thing Ukraine
needs at the moment, says Engdahl.

RT:Washington is offering Ukraine a one
billion dollar loan. Is it a good deal for Ukraine?

William Engdahl: If you look at the details of
what they’re offering, they’re not offering a loan of even one
billion dollars. They are offering a loan guarantee and the cost
of that loan guarantee is that Ukraine submits to IMF austerity
like Greece did, and that will simply open up their economy to
the final rape and plunder from the West.

But the other point about this is that the debt of Ukraine that
comes due this year is a staggering amount. I believe it is some
25 billion dollars that has to be rolled over. And a one billion
dollar loan guarantee… it’s hard to know who is more stupid in
this piece of legislation: the United States congressmen, who
voted for this, or the non-elected government of Ukraine, if they
accept this – because it is simply a no brainer on all sides.

RT:Also the bill gives more power to
America’s co-called “democracy promoting” NGOs. Are these the
same NGOs that reportedly helped topple the democratically
elected government there in Ukraine a few weeks ago?

WE: Of course, they are. They are the National
Endowment for Democracy (NED), Freedom House, no doubt, the Open
Society Foundations of George Soros, who always seems to be
paired up with these organizations. John McCain is the chairman
of the NED’s International Republican Institute.He has been on
the front row of every regime stabilization in recent years. So
these are not democracy promoting NGOs, these are coup d’état
NGOs, who are doing what the CIA used to do, only through private
agencies that are backed up by the US government.

This is not anything good for Ukraine. Ukraine doesn’t need this
nonsense. It’s interference in the domestic affairs of a
sovereign country. But since when has Washington or at least the
Congress been concerned about that?

RT:So, if they are not going to promote
democracy, how exactly are their NGOs going to influence
political life in Ukraine?

WE: Well, as you pointed out, the NGOs prepared
the way for the last several years, well before the decision not
to join the EU confederation agreement taken by Viktor
Yanukovich’s government last November. They had been preparing to
oust the Moscow-leaning Yanukovich, a fairly elected presidentof
Ukraine, and create the incident using canvas operatives from
Belgrade financed by US taxpayers money, to train activists
assembled in Maidan Square and create the movement that shapes
exactly what the government will or will not be able to do.

And to do more of that for Ukraine… I think Ukraine needs a
little break from all of this.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.